Gamestop returns to the office with the NTF and ETH
Gamestop is creating a team for a non-fungible token platform (NFT) based on Ethereum. A new portal was found on the company's website on Tuesday called “ nft.gamestop.com “. Not much is known about the portal, but the title is "Change the Game".
Scrolling through the portal, you discover a console reminiscent of a 90s GameBoy that has three powerful claims:
Power to the players.
Power to the creators.
Power to collectors.
The game retailer goes on to say that it is welcoming “exceptional engineers (solidity, reaction, python), designers, gamers, marketers and community leaders” to join its NFT team.
The announcement comes as the NFT craze risks turning into the next speculative bubble linked to the Blockchain with digitized works of art sold for millions of dollars.
Details are scarce on what Gamestop wants to create. However, in April, the company revealed that it was looking for a security analyst with a background in blockchain, cryptocurrency, and NFT.
Gamestop is the first "meme title" that Reddit traders have steamed with hedge funds that were heavily down on the stock. The company's stock rose hundreds of percent to nearly $ 500 on January 28, but have since plummeted. In recent sessions, the shares have revived and until Wednesday the shares have risen by more than 12%, trading around $ 234. All this has led to speculative waves on Robinhood and the other trading apps, with then imposed brakes and exclusions. from the market.
The portal also displays an Ethereum smart contract address. So it is likely that NFTs will be based on this blockchain
Ortex data shows that investors who cut "Meme" shares, such as GME and AMC, lost $ 754 million on Tuesday. This number is likely to increase during today's US checkout session.
What does GameStop want to do with these NTFs? Also considering the type of graphics Probably wants to launch a family of collectibles based on Retro games, like those of the Game Boy of the 80s. NTFs are perfect digital objects for collectors, because they are unique, certifiable, but easily exchangeable. Given the historical activity of Gamestop it would be a more than logical digital evolution and that could have positive evolutions on the title.
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TheGamestop articlereturns to the office with the NTF and ETH comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/gamestop-torna-alla-carica-con-gli-ntf-ed-eth/ on Wed, 26 May 2021 16:59:46 +0000.